Slowing Smartphone Demand and Reliance on High-End Models
First written in FY2016. 18 of 39 entries say "Mitigated", first in FY2017-Q2. Latest entry: 2026-08-10.
Enomoto moved to the "Worse" side of this theme in 2022.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In particular, sales of the current-year smartphone models were strong compared with ordinary years.」
Sales of the current-period smartphone models were stronger than usual, and sales of connector components increased 19.2% year on year. - FY2026-H1MitigatedAnnual report
「The main products in this product group are for automobiles and mobile devices. Production of components for the current-period smartphone models ramped up, demand for wearable-device products remained strong, and automotive products also remained firm. As a result, sales of this product group were ¥6,886 million, up 10.9% from the same interim period of the previous year.」
Production of components for the current-period smartphone models ramped up, while demand for wearable devices remained strong, resulting in a 10.9% year-on-year increase in sales of connector components. - FY2025-H1MitigatedAnnual report
「Demand for smartphone products was at the same level as in the same period of the previous year, while demand for wearable-device products was strong and automotive demand also remained firm. As a result, sales of this product group were ¥6,208 million, up 14.7% year on year.」
Smartphone-related demand bottomed out at approximately the same level as in the same period of the previous year, while demand for wearable devices and automobiles remained firm. Sales of connector components consequently increased 14.7% year on year. - FY2024WorsenedAnnual report
「Connector components are mainly for automobiles and mobile devices. In addition to continued inventory adjustments for smartphones and wearable devices, sales were significantly affected by declining demand, particularly in the Chinese market, for devices made by North American manufacturers. As a result, sales of this product group were ¥10,989 million, down 14.8% year on year.」
Amid continued inventory adjustments for smartphones and wearable devices, declining demand, particularly in China, for devices made by North American manufacturers contributed to a 14.8% year-on-year decrease in full-year sales of connector components. - FY2024-Q3RestatedAnnual report
「The main products in this product group are for automobiles and mobile devices. Inventory adjustments for smartphones and wearable devices continued. As a result, sales of this product group were ¥8,271 million, down 21.4% year on year.」
Inventory adjustments for smartphones and wearable devices continued, and sales of connector components decreased 21.4% year on year. The existing slowdown in demand and adjustment phase were reaffirmed. - FY2024-Q2RestatedAnnual report
「The main products in this product group are for automobiles and mobile devices. Inventory adjustments for smartphones and wearable devices continued. As a result, sales of this product group were ¥5,408 million, down 21.6% year on year.」
Inventory adjustments for smartphones and wearable devices continued, and sales of connector components decreased 21.6% from the same quarter of the previous year. The existing risk of a slowdown in demand was reaffirmed. - FY2024-Q1WorsenedAnnual report
「The main products in this product group are for automobiles and mobile devices. Inventory adjustments for smartphones and wearable devices continued. As a result, sales of this product group were ¥2,437 million, down 28.4% year on year.」
Inventory adjustments for smartphones and wearable devices continued, and sales of connector components decreased 28.4% from the same quarter of the previous year. - FY2023WorsenedAnnual report
「The main products in this product group are for automobiles and mobile devices. Demand for automotive products declined due to production adjustments and other factors, while smartphone components also declined because sales of new models were sluggish. As a result, sales of this product group were ¥12,912 million, down 0.3% year on year.」
Sluggish sales of new smartphone models appeared in full-year results as a decline in connector components, which decreased 0.3% year on year. - FY2023-Q3WorsenedAnnual report
「The markets for lead frames and connector components, our Group's main products, remain on a medium- to long-term growth trend. However, supply-chain disruptions, primarily in the automotive industry, caused by infectious diseases and geopolitical risks have not yet fully normalised, while smartphones have entered a temporary adjustment phase because sales of new models have been sluggish.」
The company explicitly stated that sluggish sales of new smartphone models had led to a temporary adjustment phase, making the risk of a slowdown in demand more concrete than in the previous quarter. - FY2023-Q2WorsenedAnnual report
「Demand for automotive products declined, while within mobile devices, demand for smartphone components decreased. Demand for wearable-device components increased as the market expanded with the wider adoption of the devices. As a result, sales of this product group were ¥6,905 million, up 2.1% year on year.」
The decline in smartphone components was explicitly identified, indicating that weakness in the product-group results for the quarter had emerged in addition to the temporary pause following the reversal of previously brought-forward demand. Meanwhile, wearable-device components increased. - FY2023-Q1WorsenedAnnual report
「Within mobile devices, smartphone-related demand, which had been brought forward from the same period of the previous year, returned to its normal cycle and entered a preparation period for full-scale mass production. Meanwhile, wearable-device-related demand recovered, and automotive demand also remained firm. As a result, sales of this product group were ¥3,408 million, up 2.6% year on year.」
The company stated that, after the brought-forward demand in the same period of the previous year, smartphone-related demand returned to its normal cycle and entered a preparation period for full-scale mass production, indicating a pause in the growth of smartphone demand. Meanwhile, demand for wearable devices and automotive products remained firm. - FY2022RestatedAnnual report
「Within mobile-device components, smartphone-related demand peaked, while wearable-device-related demand recovered, and demand for automotive components also remained firm. As a result, sales of this product group were ¥12,955 million, up 4.6% year on year.」
While the peak in smartphone-related demand remains a factor, the company also cited the recovery in wearable-device-related demand and the firmness of automotive demand. - FY2022-Q3WorsenedAnnual report
「The main products in this product group are for automobiles and mobile devices. Within mobile-device components, smartphone-related demand peaked, while wearable-device-related demand recovered, and demand for automotive components also remained firm. As a result, sales of this product group were ¥10,115 million, up 9.0% year on year.」
The company explicitly stated that smartphone-related demand had peaked, again highlighting the risk of a slowdown in demand. Meanwhile, demand for wearable devices recovered, and automotive demand remained firm. - FY2022-Q2MitigatedAnnual report
「The main products in this product group are for automobiles and mobile devices. In addition to the recovery in demand for automotive components since the second half of last year, demand for smartphone components also remained firm. As a result, sales of this product group were ¥6,761 million, up 21.0% year on year.」
Firm demand for smartphone components and a 21.0% year-on-year increase in connector-component sales indicate that the risk of a slowdown in demand has eased. - FY2022-Q1RestatedAnnual report
「In addition to the recovery in demand for automotive components since the second half of last year, demand for smartphone components also remained firm.」
The company has reaffirmed its view that demand for smartphone components remains firm. - FY2021RestatedAnnual report
「Demand for smartphone and wearable-device components remained at a high level.」
The company has reaffirmed its view that high demand for smartphone and wearable-device components is continuing. - FY2021-Q3RestatedAnnual report
「In addition, demand for components for mobile devices, both smartphones and wearable devices, has remained firm after shipments of new models peaked toward year-end.」
The company has reaffirmed that firm demand for smartphone and wearable-device components has continued even after shipments of new models peaked. - FY2021-Q2MitigatedAnnual report
「Demand for automotive components is recovering, while demand for smartphone and wearable-device components has remained high. As a result, sales of this product group were ¥5,585 million, down 1.0% year on year.」
Demand for smartphone and wearable-device components remains high, reaffirming the easing of demand-slowdown risk. Automotive components remain weak as demand is still recovering. - FY2021-Q1WorsenedAnnual report
「Demand for smartphone components and wearable-device components has remained at a certain level, while demand for automotive components has declined.」
While demand for smartphone and wearable-device components remains at a certain level, the decline in demand for automotive components has been explicitly identified, adding to the weakness in the demand environment. - FY2020RestatedAnnual report
「The main products in this product group are for mobile devices and automobiles. Demand for smartphone components, wearable-device components and other products remained at a high level. As a result, sales of this product group were ¥11,554 million, up 18.4% year on year.」
Demand for wearable-device components and other products, in addition to smartphone components, remained high, and sales of connector components increased 18.4% year on year. - FY2020-Q3MitigatedAnnual report
「Demand for smartphone components, wearable-device components and other products remained strong.」
The company explained that demand for components for wearable devices and other products, in addition to smartphone components, remained strong, reaffirming the easing of demand-slowdown risk. - FY2020-Q2MitigatedAnnual report
「Although demand for mobile devices, including smartphone components, is not in an expansion phase, a certain level of replacement demand is expected, along with growth in components for wearable devices and other products.」
The view that smartphone components are not in an expansion phase continues, while a certain level of replacement demand and expected growth in components for wearable devices and other products provide some mitigation of the risk of slower demand. - FY2020-Q1WorsenedAnnual report
「Although demand for mobile devices, including smartphone components, is not in an expansion phase, growth is expected in components for wearable devices and other products.」
It was explicitly stated that smartphone components are not in an expansion phase, indicating that the previous concern about slower growth continues. At the same time, growth is expected in components for wearable devices and other products. - FY2019-Q3WorsenedAnnual report
「This product group mainly comprises products for mobile devices and automobiles. Automotive components remained firm, but mobile-device components were affected by changes in customers’ production plans. As a result, sales of this product group were ¥7,188 million, down 9.4% year on year.」
The impact of changes in customers’ production plans continued for mobile-device components, resulting in a 9.4% year-on-year decline in sales of connector components. Concerns have also emerged about slower demand growth following a downward revision to the earnings outlook of a major smartphone manufacturer. - FY2019-Q2WorsenedAnnual report
「Automotive components remained firm, but shipments for mobile devices were affected by delays in the start of shipments due to changes in the production plans of customers. As a result, sales of this product group were ¥4,405 million, down 11.4% year on year.」
For mobile-device components, the start of shipments was delayed due to changes in customers’ production plans, resulting in an 11.4% year-on-year decline in sales of connector components. - FY2019-Q1WorsenedAnnual report
「This product group mainly comprises products for smartphones and automobiles. Automotive components remained firm, but smartphone components were affected by shipments to North American manufacturers being postponed from the forecast timing. As a result, sales of this product group were ¥2,041 million, down 12.1% year on year.」
Shipments of smartphone components to North American manufacturers were postponed from the forecast timing, resulting in a 12.1% year-on-year decline in sales of connector components. The description shifted from the trend toward mitigation of demand slowdown risk through the previous fiscal year to specific shipment delays and their impact on performance. - FY2018MitigatedAnnual report
「In the electronic components industry to which our group belongs, production cuts for smartphones made by North American manufacturers were reported at the beginning of the year, but there was no major disruption across the industry. Demand was also expanding for automotive components, particularly those related to autonomous driving technology, and sensor-related components supporting the IoT, enabling the market to maintain a solid growth trend.」
Although production cuts for smartphones made by North American manufacturers were reported, there was no disruption across the industry, and components for new smartphone models were described as broadly strong. - FY2018-Q3MitigatedAnnual report
「Shipments of new models from North American manufacturers reached their peak. Although performance varied somewhat by model, smartphone components overall remained broadly strong.」
Shipments of new models from North American manufacturers reached their peak. Although performance varied by model, smartphone components overall were described as broadly strong. The trend toward mitigation of the risk of slower demand was reconfirmed. - FY2018-Q2MitigatedAnnual report
「Demand for smartphone components from Chinese manufacturers remains at a high level, while components for new models from North American manufacturers have also been added.」
It was explained that strong demand from Chinese manufacturers continued and that components for new models from North American manufacturers had been added, continuing the trend toward mitigation of the risk of slower smartphone demand. - FY2018-Q1MitigatedAnnual report
「In the electronic components industry to which our group belongs, demand for smartphone components has remained at a high level, led mainly by strong-performing Chinese manufacturers.」
It was explained that demand for smartphone components, primarily from Chinese manufacturers, remained high, partially mitigating the risk of slower demand. Meanwhile, North American manufacturers were described as being in the preparation phase for next-generation models. - FY2017MitigatedAnnual report
「In the electronic components industry to which our group belongs, production cuts for smartphones made by North American manufacturers were reported in December, but the rise of Chinese manufacturers and other factors mitigated the impact on the electronic components industry as a whole.」
While production cuts for smartphones made by North American manufacturers continued, the rise of Chinese manufacturers and increased orders from Chinese manufacturers offset the impact, which was explained as having been mitigated for the industry as a whole. - FY2017-Q3MitigatedAnnual report
「In the electronic components industry to which our group belongs, production cuts for high-end smartphones made by North American manufacturers were reported in December, but the rise of Chinese manufacturers has so far mitigated the impact on the electronic components industry as a whole.」
While production cuts for high-end smartphones made by North American manufacturers were reported, it was explained that the rise of Chinese manufacturers had mitigated the impact on the industry as a whole. - FY2017-Q2MitigatedAnnual report
「The business is particularly focused on components for high-end smartphones. Although it was affected in the first quarter by production cuts for models launched last autumn, shipments of models launched this autumn have been firm and are on a recovery trend.」
While reliance on high-end models and the impact of production cuts for earlier models remain, it was explained that shipments of models launched this autumn have been firm and are on a recovery trend, indicating some easing of risk from the previous quarter. - FY2017-Q1WorsenedAnnual report
「In the electronic components industry to which our group belongs, the slowdown in high-end smartphones since last autumn cast a significant shadow over market conditions.」
The slowdown in high-end smartphones continued and was described as having a significant impact on market conditions. Sales of connector components also declined 19.6% year on year. - FY2016MaterialisedAnnual report
「Smartphones had been one of the drivers of the industry, but production cuts for high-end models launched in autumn 2015 continued, raising concerns about slower growth. The business is particularly focused on components for high-end smartphones, but sales volumes did not reach expectations.」
It states that production cuts for high-end smartphones and sales volumes falling short of expectations affected business performance for the fiscal year.